Happy Valley Foundation
- Assets
- $28.5m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Ojai, CA
- Founding
- 09/1949
- Data as of
- 06/2023
- EIN
- 95-0809370
Organization Overview
Happy Valley Foundation is located in Ojai, CA. The organization was established in 1949. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Happy Valley Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Happy Valley Foundation generated $9.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $5.6m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER EDUCATIONAL CENTERS THAT NURTURE INDIVIDUAL INTELLECTUAL AND ARTISTIC GROWTH, CENTERED ON PRESERVED CALIFORNIA LAND, WHERE ALL FORMS OF LIFE ARE RESPECTED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION EDUCATES APPROXIMATELY 100 STUDENTS FROM THE NINTH THROUGH TWELFTH GRADE, OPERATES A CENTER FOR THE ARTS HOSTING WORKSHOPS AND EVVENTS PROMOTING VARIOUS ART FORMS, AND PRESERVES APPROXIMATELY 500 ACRES OF OPEN SPACE AND NATURAL RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Summer Galante Trustee | Trustee | 2 | $0 |
Maryann Cord Trustee | Trustee | 2 | $0 |
Portia Johnson Trustee | Trustee | 5 | $0 |
Sirr Less CFO | OfficerTrustee | 5 | $0 |
Tina Leslie Trustee | Trustee | 2 | $0 |
William B Kaplan Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,670 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,376 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,046 |
| Total Program Service Revenue | $4,532,618 |
| Investment income | $1,281,411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $182,700 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $13,088 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,798,640 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,820,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $211,534 |
| Payroll taxes | $215,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,359 |
| Fees for services: Accounting | $64,209 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $500 |
| Advertising and promotion | $89,407 |
| Office expenses | $4,154 |
| Information technology | $38,501 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $85 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $638,299 |
| Insurance | $353,724 |
| All other expenses | $337,258 |
| Total functional expenses | $5,553,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,257,806 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,214 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,054,993 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $140,590 |
| Net Land, buildings, and equipment | $11,733,601 |
| Investments—publicly traded securities | $4,993,912 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $271,094 |
| Total assets | $28,453,210 |
| Accounts payable and accrued expenses | $188,544 |
| Grants payable | $0 |
| Deferred revenue | $2,627,788 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,816,332 |
| Net assets without donor restrictions | $25,078,156 |
| Net assets with donor restrictions | $558,722 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $28,453,210 |